something fishy, page-3

I think you're price targets are way too optimistic.

Cash backing is only 2.5cps after finalisation of 5% Artemis sale.
That's approx what it will fall to if A#1 is a duster unless they farmout another permit in the meantime.
Hard to imagine this going above high teens pre result given the extent of the downside should A#1 be duster (most likely outcome).

Agree MOG is worth around 1/3 MEO, based on respective cash backings and fair market values of WA-360-P stakes.